OpenSea, a platform for trading NFTs, has said that it won’t support any forked NFTs that might appear after the Ethereum Merge.
Read about OpenSea and its commitment to the Ethereum Merge in this week’s nonfungible token (NFT) newsletter. Check out a project that wants to bring Web3 to the opera scene and how ENS domains’ trading volume has surpassed Bored Apes’.In other news, find out how the NFT giveaway of Rug Pull Finder was used to make money. Also, don’t forget that this week’s roundup of Nifty News includes a story about how Bill Murray’s wallet was stolen after he dropped his NFT.
OpenSea says that after Merge, the market won’t support forked NFTs.
Ahead of the impending Merge, NFT platform OpenSea has declared that it will stop supporting NFTs on forked versions of Ethereum. The exchange said that it would concentrate its efforts entirely on supporting NFTs on the upgraded proof-of-stake (PoS) blockchain.
The team emphasized that any forked NFTs won’t be reflected in its market if there are any. The team also stated that it is ready to handle any problems that may arise as a result of the Merge.
NFT microphilanthropy offers the opera a new voice
A project dubbed Living Opera, which focuses on fusing Web3 technologies with classical music, has brought blockchain to the opera. By using a novel approach, opera singers will be able to bypass time-consuming procedures like looking for grants and endowments.
According to an interview with Cointelegraph with the project’s CEO Soula Parassidis, they have also created the Magic Mozart NFT collection as a tribute to a dice game that produces music credited to famous musician Wolfgang Amadeus Mozart at random.
On OpenSea’s weekly chart, Ethereum domain names outperform Bored Apes
In terms of the seven-day trading volume measure at the NFT marketplace OpenSea, the popular Bored Ape Yacht Club (BAYC) NFT collection has underperformed the Ethereum Name Service (ENS) domains.
The project’s daily trading volume climbed from 120.7 ETH to 1044.6 ETH, and as the volume increased, the price of ENS increased by 167%. On the NFT market, there are currently more than 2 million ENS listings.
Rug Pull Finder, an NFT watchdog, has its own NFT giveaway abused
The NFT watchdog, which focuses on exposing Web3 fraud, had a vulnerability that allowed two attackers to create 450 NFTs instead of one for each wallet. The developers acknowledged that the exploit was caused by a bug in their smart contract that was discovered 30 minutes before the mint went live by an unnamed source.
The Rug Pull Finder team made an offer to one of the hackers to resolve the issue by trading 330 of the NFTs for a bounty of 2.5 ETH, and the hacker accepted the deal. Ironically, the free NFT mint featured artworks of con artists who roam free on the blockchain under the label Bad Guys.
Bill Murray’s wallet was stolen, FIFA highlights were tokenized, Muse topped the charts, and more
Hackers stole 110 ETH from the 119.2 ETH earned by the charity effort for the NFT drop by American actor Bill Murray. Murray’s wallet security team, fortunately, was able to prevent the exploiters from stealing his additional NFTs. FIFA has announced a project that tokenizes in-game highlights into digital collectibles in an effort to emulate the NFT collection NBA Top Shot.
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